The company’s physical headquarters is in Deerfield would stay, along with all the jobs. There would be no changes at the stores. What would change is Walgreens’ bottom line.

Lim estimates the drug store chain would avoid paying $4 billion in taxes over five years.

Walgreens recently merged with a foreign company, which allows it to take advantage of a tax loophole and move — on paper. Calling the move unfair, protesters presented the manager of the store on Michigan Avenue with boxes of petitions that reportedly total 70,000 signatures.

Signatures from people like retired teacher Minnie Cobb.

“If it’s moving out of country to avoid paying taxes, that means that we’re paying more,” Cobb says.

Walgreens employees had no comment, but corporate issued this statement: “We will do what is in the best long-term interests of our customers, employees and shareholders.”

Dorothy Tucker has served as a reporter for CBS 2 Chicago since 1984. Currently she reports for the station’s 5:00 PM, 6:00 PM and 10:00 PM weekday newscasts. Tucker also serves as the station’s consumer reporter, covering issues and trends to help...